We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Income Investing -- Ignore unavailable to you. Want to Upgrade?

To: Gridbird who wrote (34183)7/11/2018 10:35:43 PM
From: E_K_S  Read Replies (2) | Respond to of 48864
Re: Do not own or follow but just saw FPI off 15% plus..? Tariffs?

Based on that formula, $18.00/share for the preferred would equal $3.15/share FPI common on a forced redemption.

Interesting arbitrage as the preferred is not superior to the common if/when common shares get stressed.

Wonder if the LAND preferreds have such a provision? It's in the details where things get interesting.

Thanks for the info.